The process of money creation in Bitcoin - referred to as mining - involves executing software that utilizes your hardware running sha256 hashes until a certain criterion is met. This part of the mining process is called generating a "Proof of work". The whole mining process also has a critical role in processing transactions and providing security to the network. It is estimated that all the processing power devoted to Bitcoin mining represents more computing power than several of the largest supercomputers in the world combined.

The Jadepay Project is a decentralized peer-to-peer banking financial platform, created under an open source license, featuring a built-in cryptocurrency, end-to-end encrypted messaging and decentralized marketplace. The decentralized network aims to provide anonymity and privacy for everyone through a simple user-friendly interface by taking care of all the advanced cryptography in the background.

The number of coins mined per block depends on the mining difficulty (which itself is based on global hash-rate for Jadepay)of the last block. Low difficulty means more coins per block, hight difficulty less coins.at start release diff calculate used 1111/((x+1)^2) for 1 day, next day use 11111/(((x+51)/6)^2) for First year and Second Year use 2222222/(((x+2600)/9)^2).

Mining

A basic miner is embedded in the desktop wallet client (use "setgenerate true"), but a fork of cpu-miner & mobile-miner that is much more optimized will be released too.

I should support this project because I see a good potential on it. Goodluck to the developers of this project. A successful project with an excellent idea, a world that is necessary and great potential! I am confident that the company has a great future and great prospects

For me, Jadepay Project is quite interesting and promising enough as it is a decentralized peer-to-peer banking financial platform with good concept. But I cannot see the information about the Exchange. Have you planned for listing the JADE on a certain Exchange? It is better to inform people where this coin will be listed later on.

In the title of the thread indicates that the coin can be mined ASIC. It is also written that your algorithm combines 8 different algorithms in their work. What ASIC can mined your coin? Will the ASICs for the SHA256 algorithm (Bitcoin) be mining?

In the title of the thread indicates that the coin can be mined ASIC. It is also written that your algorithm combines 8 different algorithms in their work. What ASIC can mined your coin? Will the ASICs for the SHA256 algorithm (Bitcoin) be mining?